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Tesla is the most American car brand
  + stars: | 2023-06-21 | by ( Graham Rapier | ) www.businessinsider.com   time to read: +1 min
Last year, Tesla only claimed the two top spots. Tesla may not have ads featuring American icons like the Wild West, bald eagle, or stars-and-stripes galore, but it's still the most American car brand, at least based on its manufacturing. The survey takes five primary factors into account: final assembly location, origin of parts, origin of engines, origin of transmissions, and manufacturing workforce. To qualify for a $7,500 tax credit, new EVs and their batteries must be mostly assembled in the US — something that's benefitting Tesla greatly so far. Tesla is set to receive billions in other credits, too, thanks to its early investment in manufacturing stateside as other automakers race to catch up.
Persons: Cars.com, Tesla, it's Organizations: GM, Chevrolet, Morning, Elon, Ford Locations: cars.com's
In this article AAPLORLYCARSVECOSBUX Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Chatterjee reiterated his buy rating as well as his $200 price target on Apple. (See Cars Hedge Fund Trading Activity on TipRanks) The analyst highlighted the momentum in the adoption of Cars.com's Digital Solutions. Ranked 68th in an over 8,000-strong database of analysts on TipRanks, Prestopino has delivered profitable ratings 57% of the time. The analyst reiterated a buy rating on the stock with a price target of $25.
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